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IS Yatirim Menkul Degerler AS (IST:ISMEN) Cyclically Adjusted Price-to-FCF : 37.05 (As of Jun. 08, 2024)


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What is IS Yatirim Menkul Degerler AS Cyclically Adjusted Price-to-FCF?

As of today (2024-06-08), IS Yatirim Menkul Degerler AS's current share price is ₺35.20. IS Yatirim Menkul Degerler AS's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was ₺0.95. IS Yatirim Menkul Degerler AS's Cyclically Adjusted Price-to-FCF for today is 37.05.

The historical rank and industry rank for IS Yatirim Menkul Degerler AS's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

IST:ISMEN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.51   Med: 39.68   Max: 425.8
Current: 40.85

During the past years, IS Yatirim Menkul Degerler AS's highest Cyclically Adjusted Price-to-FCF was 425.80. The lowest was 5.51. And the median was 39.68.

IST:ISMEN's Cyclically Adjusted Price-to-FCF is ranked worse than
74.27% of 241 companies
in the Capital Markets industry
Industry Median: 18.37 vs IST:ISMEN: 40.85

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

IS Yatirim Menkul Degerler AS's adjusted free cash flow per share data for the three months ended in Dec. 2023 was ₺7.373. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is ₺0.95 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


IS Yatirim Menkul Degerler AS Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for IS Yatirim Menkul Degerler AS's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

IS Yatirim Menkul Degerler AS Cyclically Adjusted Price-to-FCF Chart

IS Yatirim Menkul Degerler AS Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.36 131.52 - - 33.62

IS Yatirim Menkul Degerler AS Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 67.85 151.14 192.13 33.62

Competitive Comparison of IS Yatirim Menkul Degerler AS's Cyclically Adjusted Price-to-FCF

For the Capital Markets subindustry, IS Yatirim Menkul Degerler AS's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


IS Yatirim Menkul Degerler AS's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, IS Yatirim Menkul Degerler AS's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where IS Yatirim Menkul Degerler AS's Cyclically Adjusted Price-to-FCF falls into.



IS Yatirim Menkul Degerler AS Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

IS Yatirim Menkul Degerler AS's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=35.20/0.95
=37.05

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

IS Yatirim Menkul Degerler AS's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, IS Yatirim Menkul Degerler AS's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=7.373/129.4194*129.4194
=7.373

Current CPI (Dec. 2023) = 129.4194.

IS Yatirim Menkul Degerler AS Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.111 99.695 -0.144
201406 0.117 100.560 0.151
201409 0.038 100.428 0.049
201412 -0.090 99.070 -0.118
201503 -0.072 99.621 -0.094
201506 0.050 100.684 0.064
201509 -0.023 100.392 -0.030
201512 -0.056 99.792 -0.073
201603 -0.049 100.470 -0.063
201606 0.208 101.688 0.265
201609 -0.026 101.861 -0.033
201612 -0.011 101.863 -0.014
201703 0.109 102.862 0.137
201706 -0.022 103.349 -0.028
201709 0.038 104.136 0.047
201712 -0.015 104.011 -0.019
201803 -0.143 105.290 -0.176
201806 0.140 106.317 0.170
201809 -0.079 106.507 -0.096
201812 0.308 105.998 0.376
201903 0.337 107.251 0.407
201906 -0.166 108.070 -0.199
201909 0.160 108.329 0.191
201912 -0.022 108.420 -0.026
202003 -0.332 108.902 -0.395
202006 -0.074 108.767 -0.088
202009 0.045 109.815 0.053
202012 -0.050 109.897 -0.059
202103 -0.278 111.754 -0.322
202106 0.403 114.631 0.455
202109 0.668 115.734 0.747
202112 -2.192 117.630 -2.412
202203 -2.171 121.301 -2.316
202206 1.449 125.017 1.500
202209 -1.266 125.227 -1.308
202212 0.099 125.222 0.102
202303 4.788 127.348 4.866
202306 -0.577 128.729 -0.580
202309 1.159 129.860 1.155
202312 7.373 129.419 7.373

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


IS Yatirim Menkul Degerler AS  (IST:ISMEN) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


IS Yatirim Menkul Degerler AS Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of IS Yatirim Menkul Degerler AS's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


IS Yatirim Menkul Degerler AS (IST:ISMEN) Business Description

Traded in Other Exchanges
N/A
Address
Levent Mahallesi, Meltem Sokak, Is Kuleleri Kule-2, Kat: 13, No:10/14, Besiktas, Istanbul, TUR, 34330
IS Yatirim Menkul Degerler AS is a Turkey-based company engaged in the provision of investment advisory services, market making and liquidity providing services as well as traditional brokerage services The company's operating segment includes Securities Brokerage, Investment Trust, Portfolio Management, Private Equity, and Asset Management. It generates maximum revenue from the Securities Brokerage segment. The company serves domestic and international, individual, and institutional investors with high-added-value services.

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